Read this from Andy Katz:
Billy Donovan informed the Magic and the University of Florida over the weekend that he had second thoughts about agreeing to be Orlando’s head coach, but it’s unclear if the NBA team will let him go.
Orlando has a signed contract from Donovan and are making a decision as to whether or not to let him out of the five-year, $27.5 million deal that he signed Thursday, multiple sources told ESPN.com Sunday.
If the Magic do let Donovan out of the deal, they have to decide whether to enforce a financial penalty. Both sides aren’t talking publicly since there are legal issues involved in such a decision.